Bulk share surged more than 1300 percent in four days

What could explain a price surge as big as USD 5 to USD 73 in an ailing bulk carrier over a period of just four days, asks Alphabulk. The analyst agency offers an explanation for the huge price jump logged before trading of the share was halted on Nasdaq in New York.

Photo: /ritzau/AP/Richard Dew/

What could cause a bulk carrier's 1,331 percent price surge over just four trading days in a carrier which has, to put it mildly, lived a tumultuous and high-risk existence on the edge of New York's Nasdaq exchange? 

That is the question Alphabulk posed in its analysis titled 'Dead Cat Bounce', which refers to a temporary recovery in share prices after a substantial fall prompted when speculators seek to recover their positions by buying up.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Oil shipping states get loophole in EU's new Russia sanctions

In a new sanctions package against Russia, the EU cracks down on exporting the warring nation’s crude to third countries – despite protest from countries like Greece and Malta. Although several states are given leeway in new sanction demands the EU Commission otherwise considers ”water-tight”.

Further reading

Related articles

Latest news

See all jobs